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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 12, 1999
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IXC Communications, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-20803 74-2644120
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
1122 Capital of Texas Highway South, Austin, Texas 78746
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (512) 328-1112
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Not applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
Attached as Exhibit 99.1 is a press releases issued by IXC
Communications, Inc. dated April 12, 1999 which is hereby incorporated by
reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(C) EXHIBITS
99.1 Press Release dated April 12, 1999
2.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: April 13, 1999
IXC Communications, Inc.
By: /s/ Stuart K. Coppens
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Stuart K. Coppens
Vice President of Finance and
Chief Accounting Officer
3.
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EXHIBIT INDEX
Exhibit
Number Description
- ------- -----------
99.1 Press Release dated April 12, 1999
4.
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EXHIBIT 99.1
IXC and Electric Lightwave Extend Networks Through $178 million Fiber Exchange
Agreement Enables IXC to Complete Western U.S. Fiber Ring;
Expands ELI's Network Reach and Nationwide Presence,
Particularly in The Central and Eastern U.S.
AUSTIN, Texas -- April 12, 1999 -- IXC Communications Inc. (NASDAQ:IIXC) and
Electric Lightwave Inc. (NASDAQ:ELIX) today announced a 20-year indefeasible
right to use (IRU) fiber exchange agreement enabling both companies to extend
their networks into key markets.
The arrangement, valued at approximately $178 million, is comprised of
about 2,800 route miles of fiber, maintenance and collocation space to be
exchanged between the two companies.
According to the terms of the agreement, ELI will acquire, for
approximately $101 million over 20 years, IXC's dark fiber currently being
constructed from Salt Lake to Denver and Denver to Dallas and certain OC-48 to
OC-192 capacity. Under the reciprocal arrangement, IXC will acquire, for
approximately $77 million over 20 years, ELI's dark fiber currently in place or
under construction between Seattle-Portland-San Francisco and Seattle-Spokane.
In addition, both companies will lease additional segments from each other as
needed.
For IXC, the agreement helps close a fiber ring connecting Portland,
Sacramento, San Francisco, Los Angeles, Las Vegas, Salt Lake City and Boise,
Idaho, with an additional leg to Seattle and on to Spokane, Wash. This new SONET
ring network will help to expand IXC's network to a total of 16,400 route miles
by end of year 1999. In addition, closing this fiber ring provides IXC's
customers in the Mid and Northwest regions of the United States with greater
capacity and increased reliability.
For Electric Lightwave, the combination of acquiring fiber and leasing
capacity from IXC greatly expands its network reach, enables the company to more
fully penetrate the Central and Eastern parts of the country and strengthens its
position as a Tier One Internet Provider. The exchange will boost ELI's route
miles to more than 7,500 by year-end 2000.
"This strategic agreement furthers the strong connection that exists
between IXC and Electric Lightwave, paving the road for future partnerships,"
said Mike Vent, president of IXC's network services. "It's another example of
innovative and progressive communications providers helping each other to create
world class network solutions."
"We view our relationship with IXC as a long-term strategic alliance,"
said David Sharkey, president and chief operating officer of Electric Lightwave.
"This fiber exchange substantially increases our network reach and strengthens
our position as a leading nationwide provider of integrated communications
solutions."
Electric Lightwave Inc. is a leading integrated communications provider
of enhanced data services, frame relay, ATM and Internet access solutions to
bandwidth intensive businesses and the growing e-commerce market. The company
offers long distance, data and prepaid services nationwide, with points of
presence in Atlanta, Chicago, Cleveland, Dallas, Denver, Las Vegas, Los Angeles,
New York, Palo Alto, Calif., Philadelphia, San Diego, San Francisco, San Jose,
Calif., and Washington, D.C.
As a full-service provider, the company offers local, long distance,
videoconferencing and high-speed broadband transport via an expanding fiber
optic network that interconnects major markets in the West. Headquartered in
Vancouver, Wash., the company employs 1,200 and earned revenue of $101 million
in 1998, up 65 percent from 1997. Electric Lightwave Inc. is on the World Wide
Web at www.eli.net and http://data.eli.net.
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IXC's network-based delivery solutions are designed to address the speed
and capacity requirements of the global communications market. IXC offerings
include private line, fast packet (ATM and frame relay), Internet and long
distance switched and dedicated services. IXC Communications Inc. is at the
forefront of the industry's new class of emerging domestic and international
carriers that include Qwest and Level 3. IXC is a publicly traded company listed
on Nasdaq under the symbol IIXC. For more information, visit IXC's Web site at
www.ixc-comm.com.
Forward-Looking Information is Subject to Risk and Uncertainty: This
release contains forward-looking statements within the meaning of Section 21E of
the Securities Exchange Act of 1934. Forward-looking statements should be read
with the cautionary statements and important factors included in the Company's
Annual Report on Form 10-K for the year ended December 31, 1998, at Item 7,
"Management's Discussion and Analysis of Financial Conditions and Results of
Operations."
CONTACT: IXC Communications Inc., Austin
IXC Media Contacts:
Melissa Jackson, 512/231-5247
[email protected]
or
Copithorne & Bellows
Erin Hadaway, 770/392-8614
[email protected]
or
IXC Investor Contact:
Greta Wiechman, 888/267-9478
[email protected]
or
Electric Lightwave Inc., Vancouver, Wash.
Media Contacts:
Susan Farmer, 360/816-4518
[email protected]
or
Jack Hardy, 360/816-3602
[email protected]
or
Electric Lightwave Investor Contact:
Fletcher Chamberlin, 360/816-3996
[email protected]
